Future Shock: The year is 2021 and oil is at $150…

Oct 30, 2017

What an eye-grabbing title for an article that Dusgyant Choudhary recently wrote.

The article is written with a date of April 1, 2021, and it shows Brent Crude hitting $150.00 per barrel. With oil having a hard time hitting $60 present day, it’s not hard to imagine the world being in shock at the outlook of $150.00.

The factors he discussed leading to a huge rise in oil prices include:

Lack of investment in exploration

End of easy money and rise in interest rates

Saudi Aramco IPO

Continued growth in oil demand

Financial speculation

He writes on “The confluence of these 5 separate developments over a short period of time has been behind the unrelenting rise in oil prices.” And like most near-future science fiction, it’s very rooted in reality.